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Adeia: Q3 Earnings Snapshot
Zoetis Inc. reported $721 million in Q3 earnings beating expectations, while ADTRAN Holdings posted a $10.3 million loss, with shares up 25% this year.
- On Tuesday, Zoetis Inc. , Parsippany, New Jersey, reported third-quarter earnings of $721 million, surpassing expectations, while Monday saw ADTRAN Holdings, Inc. post a $10.3 million loss and Pinnacle West Capital Corp. earn $413.2 million.
- Market signals showed AI-driven momentum as U.S. futures dipped and European markets awaited central bank decisions and more corporate earnings.
- Zoetis Inc. projected full-year earnings of $6.30 to $6.40 per share and revenue of $9.4 billion to $9.48 billion alongside its quarterly results.
- Market reaction included sector moves such as BP's advance following asset-sale news and Aramco's profit uptick; BP rose around 1.2% after selling U.S. midstream assets to Sixth Street for $1.5 billion.
- This report draws on Automated Insights' data feed from Zacks Investment Research as European investors prepare for third-quarter results from BP, Philips, Geberit, Associated British Foods and Ferrari on April 6, 2025.
Insights by Ground AI
34 Articles
34 Articles
Coverage Details
Total News Sources34
Leaning Left5Leaning Right3Center17Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 20%
C 68%
12%
Factuality
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